Financials
- Fiscal year
- 2025
- Turnover
- €624.2m
- Profit
- €15.4m
- Solvency
- 55.2%
Turnover▲ 4.6%
Net result
20182025
Emmaüs
ActiveSummary
Emmaüs has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €572.4m and a net result of €15.4m. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 46% of 2603 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Human health activities
NACE 86101NACE 85110
#1 employer in Mechelen, Health and social work sector99 sites
Size
€624.2mturnover 2025
- Staff
- 6,326.6 FTE
- Equity
- €572.4m
- Profit
- €15.4m
Structure
- Board
- 14 members
Auditor: commissars CALLENS, PIRENNE, THEUNISSEN & CO C.V.B.AAccounts 36 d early45 of 46 deeds read
Why 96- Liquidity: current ratio 1.85, cash €53.8m+ Legal form Non-profit association+ Sector Human health activities (NACE 86)+ Size: turnover €624.2m, 6,326.6 FTE, total assets €1.04bnShow the evidence
Checked score
Score 2025
96
/ 100
Excellent
Probability in this band: under 0.55%
Better than 68% of its sector peers (NACE 86, large)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
80-1
equity 55.2% of total assets
Liquidity
50+1
short-term debt 19.8% · cash 5.2%
Profitability
67+1
return on assets 1.5%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 14 months
09-2025: < 0.1%lowest value
10-2025: < 0.1%● 0.0% vs 09-2025lowest value
11-2025: < 0.1%● 0.0% vs 10-2025lowest value
12-2025: < 0.1%● 0.0% vs 11-2025lowest value
01-2026: < 0.1%● 0.0% vs 12-2025lowest value
02-2026: < 0.1%● 0.0% vs 01-2026lowest value
03-2026: < 0.1%● 0.0% vs 02-2026lowest value
04-2026: < 0.1%● 0.0% vs 03-2026lowest value
05-2026: < 0.1%● 0.0% vs 04-2026lowest value
06-2026: < 0.1%▲ +8.3% vs 05-2026highest value
07-2026: < 0.1%▼ -7.7% vs 06-2026lowest value
08-2026: < 0.1%● 0.0% vs 07-2026lowest value
09-2026: < 0.1%● 0.0% vs 08-2026lowest value
10-2026: < 0.1%● 0.0% vs 09-2026lowest value
- Legal form Non-profit association lowers the probability
- Sector Human health activities (NACE 86) lowers the probability
- Size: turnover €624.2m, 6,326.6 FTE, total assets €1.04bn lowers the probability for this profile
- Liquidity: current ratio 1.85, cash €53.8m raises the probability
Credit up to €54,900,000 at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.78 in 2024; short-term debt: 19.8% and cash: 5.2% of total assets), and 44.8% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 86, large). Better than this share of them on solvency 71%, liquidity 63%, profitability 83%, growth against the median 56%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
31 d early
2023
36 d early
2022
27 d early
2021
37 d early
2020
32 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Reappointments: Jan Seresia, Veerle Draulans and…Permanent representatives: Johan Clemens, Pieter…
- Capital & shares · MiscellaneousMerger · Accounting effect ·…
Key points
- Positive: Employer in Mechelen, Health and social work sectorin the Checked rankings #1 View
- Positive: 7 years of growth in a rowturnover 2025: €624.2m 7 years View
- 4 restructurings since 2025latest: branch taken over from DE SPEELHOEVE 4 View
- Board changedlatest change 10-03-2026 · 14 in office 3 joined · 3 left View
- Flemish supportawarded 2022 - 2025 €432.7m View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Positive: Result rose in 2025from €11.0m to €15.4m ▲ 40.1% View
- Active since 1971founded 17-09-1971 55 years View
By topic
Board & ownership
- Board
- 14 members
- Auditor
- commissars CALLENS, PIRENNE, THEUNISSEN…
Go to Board & ownership
Network & group
- Connected companies
- 79
- Mergers and contributions
- 13
Timeline
- Events
- 56
- Since
- 2005
- Next accounts
- by 31-07-2027
- 25-06-2026Annual accounts filed
- 10-03-2026Reappointments: Jan Seresia, Veerle Draulans and Luk…
- 16-02-2026Capital & shares · Miscellaneous
Company details
- Sites
- 99
- Legal form
- Non-profit association
- Activity
- Human health activitiesNACE 86101
- Founded
- 17-09-1971
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 29
- Purpose
- Beheren van voorzieningen die actief zijn in de gezondheids- en welzijnszorg, zoals…
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